(January 25, 2016, 9:09 AM EST) -- WASHINGTON, D.C. — After finding that a tribunal for the International Centre for Settlement of Investment Disputes (ICSID) gave sufficient reasons when it found that a real estate investment trust's actions could not be attributed to the Republic of Turkey, an ad hoc committee on Dec. 17 refused a real estate and development company's application to annul the award (Tulip Real Estate Investment and Development Netherlands B.V. v. Republic of Turkey, No. ARB/11/28, ICSID)....